The country’s economic plight is deepening, heaping pressure on Beijing to step up support for households or risk getting stuck in a low-growth rut.
BUSINESS
China’s economic activity falters as challenges mount
China’s industrial output and retail sales faltered in August as the economy lost momentum, adding to expectations Beijing will step up stimulus efforts in the final months of the year.
China’s Shein and Temu face end to tariff-free imports into U.S.
The Biden administration will soon propose rules to modify the loophole known as the de minimis exemption. Specifically, the rules will seek to exclude items subject to tariffs imposed on China under Section 301 of…
Biden Administration Targets Loophole Allowing Shein, Temu to Evade Import Duties, Proposes New Rules to Limit Duty-Free
The Biden administration announced steps to curb the abuse of the de minimis trade law, which allows shipments valued under $800 to enter the U.S. without paying duties. A new rule proposal would ban products…
China Appliance Maker Midea Set For Bumper Hong Kong IPO
Chinese electronic appliance maker Midea is set to become Hong Kong’s largest initial public offering in more than three years after raising around US$4 billion this week, the company said Friday.
China’s crude oil imports rebound, but it’s prices, not consumption
China’s crude oil imports staged a rebound in August, rising to the highest in a year, but the increase is largely due to earlier lower prices rather than any recovery in consumption.
Biden cracking down on Chinese retail shipments; US consumers feeling better
The Biden administration is cracking down on cheap products sold out of China, expanding a push to reduce U.S. dependence on Beijing and bolster homegrown industry, but that
Chinese courier delivery firm BingEx files for US IPO
Chinese courier delivery firm BingEx, which brands its services as ‘FlashEx’, has filed to go public in the United States, a regulatory filing showed on Friday. WHY IT’S IMPORTANT Several high-profile …
Under Armour’s Curry Brand opens first store – in China
Under Armour’s Curry Brand – a partnership with basketball star Steph Curry – has opened its first brick-and-mortar store, in China.
Brand Beyond Politics: A World Unified Through Shared Consumption?
In a polarized world, shared affinities for brands and experiences can offer refreshing reminders of our common ground.
China hits PwC with six month ban and large fine in record penalty over Evergrande audit
China’s Ministry of Finance (MOF) on Friday imposed a six-month business suspension on PwC’s auditing unit in mainland China over the auditing of Evergrande, the regulator said.
Luxury Brands’ New Snag? Handbag Arbitrage
It is much cheaper to buy designer goods in Europe than in China, and professional resellers are profiting from the gap. Posh labels are finding it hard to crack down.
A fight is brewing as TuSimple tries to move $450M to China and pivot from self-driving trucks to AI animation
TuSimple, once a buzzy startup considered a leader in self-driving trucks, is trying to move its assets to China to fund a new AI-generated animation and video game business. The pivot has not only puzzled…
